In this article GS Follow your favorite stocksCREATE FREE ACCOUNT Goldman Sachs, the storied investment bank, plans on cutting up to 8% of its employees as it girds for a tougher environment next year, according to a person with knowledge of the situation. The layoffs will impact every division of the bank and will likely
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FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. Mario Duncanson | AFP | Getty Images FTX founder and former CEO Sam Bankman-Fried will no longer contest extradition to the U.S., an about-face just days after he was remanded
“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” on Friday. “This is America. The justice system provides the presumption of innocence unless proven otherwise,” O’Leary responded when asked why he didn’t more stridently condemn Bankman-Fried. The former FTX CEO was arrested by Bahamian
Maskot | Maskot | Getty Images The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. About 88% of 401(k) plans allowed employees to save in a Roth account in 2021, up from 86% in 2020 and from 49% in 2011,
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Over a month after the collapse of FTX, investor concern over crypto exchange Binance isn’t fading. Binance’s native token, BNB, has fallen 15% in the
People line up outside a fever clinic in Beijing on Dec. 14, 2022, just days after the country relaxed its Covid controls amid below-freezing weather in the capital city. Yuxuan Zhang | Afp | Getty Images BEIJING — Mainland China’s swift rollback of many Covid-related restrictions has been unexpectedly sudden, revealing a new set of
[The stream is slated to start at 8:45 EST. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision. The ECB, the central bank of the 19 nations that share the euro currency,
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday this week
Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on November 02, 2022 in Washington, DC. Getty Images | Chip Somodevilla The Federal Reserve will hike interest rates to as high as 5.1% in 2023 before the central bank ends
The Bank of England is expected to raise interest rates by 50 basis points on Thursday, with inflation showing signs of peaking but still uncomfortably high at 10.7% in November. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England faces the unenviable task of navigating a slowing economy, sky-high inflation and an